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Deland, FL Retail Property Refinanced For $7M With 7-Year Term At 3.57%

328 New York Avenue
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This Retail property located in FL received a loan of $7,000,000 about 2 years ago. The brokers of the deal were David Michalski, Sam Warnick, and Brandon Harris

A retail property located at 328 New York Avenue in Deland, FL has undergone a refinancing transaction. The property spans an area of 82,822 square feet.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $7,000,000
  • Address: 328 New York Avenue
  • Market: Deland, FL

The transaction was facilitated by the brokers from BlackBearCapitalPartners, namely Sam Warnick, Brandon Harris, and David Michalski.

The refinance loan obtained for the 82,822 square foot retail property amounts to $7,000,000. It is a 7-year term loan with a fixed interest rate of 3.57%. The loan includes one year of interest-only payments. The financing for this transaction was provided by a balance sheet lender.

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Deals
  • Location
    328 East New York Avenue, DeLand, Florida 32724, United States328 East New York Avenue, DeLand, Florida 32724, United States
  • Loan Value
    $7,000,000$7,000,000
  • Asset Type
    RetailRetail
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Sam Warnick

Sam Warnick

Deals1
Financed$7M

Agency

Black Bear Capital Partners

Black Bear Capital Partners

Agency
Deals294
Volume$6.3B

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Deal Summary

LOAN IMAGE: Sam Warnick, Brandon Harris, & David Michalski DATE: 01/12/2022 ADDRESS: 328 New York Avenue MARKET: Deland, FL ASSET TYPE: Retail ~ SF: 82,822 BROKERS: Sam Warnick, Brandon Harris, & David Michalski - @BlackBearCapitalPartners LOAN AMOUNT: $7,000,000 LOAN TYPE: Refinance LOAN TERM: The 82K SF shopping center was refinanced on a 7-year term with a fixed rate of 3.57% and one year of interest only payments. The financing was provided by a balance sheet lender.

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328 New York Avenue

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